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2bee3533 81b3 41e2 9f6e a9008a99766b xls Ambac Assurance Corp Other Structured Finance related ratings actions Issuer

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2bee3533 81b3 41e2 9f6e a9008a99766b xls Ambac Assurance Corp Other Structured Finance related ratings actions Issuer Powered By Docstoc
					         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                                              Name/Desc                                                                               Series         Class
Acapulco Funding 2005-1                                             US$ 50 million Class A Floating Rates Asset Backed Notes                                2005-1       A
Airspeed Limited                                                    US$1,373 million floating rate asset backed notes series 2007-1                         2007-1       G-1
Babcock & Brown Air Funding I Limited                               US$853 million class G-1 floating rate asset backed notes series 2007-1                 2007-1       G-1
UCAT 2005-1                                                         US$100 million floating rate notes                                                                   notes
AmeriCredit Automobile Receivables Trust 2005-D-A                   US$1,400 million automobile receivables-backed notes series 2005-D-A                    2005-D-A     A-3
AmeriCredit Automobile Receivables Trust 2005-D-A                   US$1,400 million automobile receivables-backed notes series 2005-D-A                    2005-D-A     A-4
Capital One Auto Finance Trust 2006-A                               US$2,750 million asset-backed notes series 2006-A                                       2006-A       A-3
Capital One Auto Finance Trust 2006-A                               US$2,750 million asset-backed notes series 2006-A                                       2006-A       A-4
Capital One Auto Finance Trust 2007-A                               US$1,500 million asset-backed notes series 2007-A                                       2007-A       A-3-A
Capital One Auto Finance Trust 2007-A                               US$1,500 million asset-backed notes series 2007-A                                       2007-A       A-3-B
Capital One Auto Finance Trust 2007-A                               US$1,500 million asset-backed notes series 2007-A                                       2007-A       A-4
Triad Automobile Receivables Trust 2005-A                           US$1,104 million asset-backed notes series 2005-A                                       2005-A       A-4
Triad Automobile Receivables Trust 2006-A                           US$822 million asset-backed notes series 2006-A                                         2006-A       A-3
Triad Automobile Receivables Trust 2006-A                           US$822 million asset-backed notes series 2006-A                                         2006-A       A-4
Triad Automobile Receivables Trust 2006-C                           US$1,092 million asset-backed notes series 2006-C                                       2006-C       A-3
Triad Automobile Receivables Trust 2006-C                           US$1,092 million asset-backed notes series 2006-C                                       2006-C       A-4
UPFC Auto Receivables Trust 2006-B                                  US$250 million automobile receivables-backed notes series 2006-B                        2006-B       A-3
UPFC Auto Receivables Trust 2007-B                                  US$250 million automobile receivables-backed notes series 2007-B                        2007-B       A-2
UPFC Auto Receivables Trust 2007-B                                  US$250 million automobile receivables-backed notes series 2007-B                        2007-B       A-3
2007 BE-1 LLC                                                       US$86 million cargo van/pick-up truck asset backed notes series 2007-1-CP               2007-1-CP    SeniorDebt
2007-DC-1 LLC                                                       US$217 million box truck asset backed notes series 2007-1-BT                            2007-1-BT    Sr Debt
Aleutian Investments LLC                                            US$250 million floating-rate mediun term notes Series 2002-A due March 2012             2002A
Aleutian Investments LLC                                            US$100 million floating rate notes series 2002-B due October 19, 2012                   2002-B
Aleutian Investments LLC                                            US$195 million floating rate notes series 2004 series A                                 2004A        2004A
Aleutian Investments LLC                                            US$450 million floating rate notes series 2006-A                                        2006-A       2006-A
Aleutian Investments LLC                                            US$250 million floating rate note series 2003 A                                         2003-A       Notes
Juneau Funding LLC                                                  £US $ 300 million euro medium term notes                                                2001 A       A
Cabela's Credit Card Master Note Trust                              US$75 million fixed rate asset backed notes series 2004-I                               2004-I       A
Cabela's Credit Card Master Note Trust                              US$175 million floating rate asset backed notes series 2004-II                          2004-II      A
Eagle Building Trust 2004-1                                         US$194 million Class A auction rate asset backed notes series 2004-1                    2004-1       A
Franchise Note Issuer LLC                                           US$700 million eagle franchise funding llc 2006-1variable funding notes series 2006-1   2006-1       A
A.R.T.S Ltd.                                                        US$290 million tranche eleven floating rate notes                                       2005-B       Tranche 11
A.R.T.S Ltd.                                                        A.R.T.S. Ltd. Tranches 13, 14, 15, 16                                                   TR13141516   Tranche 13
A.R.T.S Ltd.                                                        A.R.T.S. Ltd USD US$200 Million Tranche 20 Floating Rate Notes                          TRANCHE 20   Tranche 20
Brazilian Diversified Payment Rights Finance Company                US$200 million series 2005-1 due 2012                                                   2005-1       2005-1
BTA DPR Finance Co. (JSC Bank TuranAlem)                            US$200 Million Series 2007-C Notes Due 2015                                             2007-C       2007-C
CCR Inc. MT-100 Payment Rights Master Trust                         US$230 million series 2005-A floating rate notes due 2012                               2005-A       2005-A
CCR Inc. MT-100 Payment Rights Master Trust                         US$100 million floating rate notes series 2006-A due 2016                               2006-A       2006-A
CCR Inc. MT-100 Payment Rights Master Trust                         US$350 Million Series 2007-A Floating Rate Notes Due 2017                               2007-A       2007-A
CCR Inc. MT-100 Payment Rights Master Trust                         US$150 Million Series 2007-B Floating Rate Notes Due 2014                               2007-B       2007-B
CIC Receivables Master Trust                                        US$400 Million Floating Rate Certificates Series 2002-A                                 2002-A       2002-A
Dollar Diversified Payment Rights Finance Company                   US$300 million floating-rate notes series 2002-1                                        2002-1
Garanti Diversified Payment Rights Finance Co.                      US$350 million floating-rate notes series due07/10/ 2017                                2007-A       2007-A
International Diversified Payment Rights Company (Banco Bradesco)   US$250 million floating rate notes series 2007-1 due 2014                                2007-1      2007-1
Kazkommerts DPR Company                                             US$200 million floating rate notes series 2005A                                         2005A        2005A
Kazkommerts DPR Company                                             US$100 million series 2006B floating rate notes due June 2013                           2006B        2006-B
TIB Diversified Payment Rights Finance Co.                          US$250 million floating rate notes series 2004-B                                        2004-B       2004-B
VB DPR Finance Co.                                                  US$200 million tranche 2006-D floating rate notes due 2014                              2006-D       2006-D


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         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls


Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                                                         Name/Desc                                                                                               Series     Class
Yapi Kredi Diversified Payment Rights Finance Company                       300,000,000 Series 2006-D Floating Rate Notes Due 2014                                                     2006-D   2006-D
CountryPlace Manufactured Housing Contract Trust 2005-1                     US$118 million countryplace manufactured housing contract trust pass-through certificates, series 2005-1   2005-1   A-2
CountryPlace Manufactured Housing Contract Trust 2005-1                     US$118 million countryplace manufactured housing contract trust pass-through certificates, series 2005-1   2005-1   A-3
CountryPlace Manufactured Housing Contract Trust 2005-1                     US$118 million countryplace manufactured housing contract trust pass-through certificates, series 2005-1   2005-1   A-4
CountryPlace Manufactured Housing Contract Trust 2007-1                     US$101 million countryplace manufactured housing contract pass-through certificates, series 2007-1         2007-1   A-1
CountryPlace Manufactured Housing Contract Trust 2007-1                     US$101 million countryplace manufactured housing contract pass-through certificates, series 2007-1         2007-1   A-2
CountryPlace Manufactured Housing Contract Trust 2007-1                     US$101 million countryplace manufactured housing contract pass-through certificates, series 2007-1         2007-1   A-3
CountryPlace Manufactured Housing Contract Trust 2007-1                     US$101 million countryplace manufactured housing contract pass-through certificates, series 2007-1         2007-1   A-4
Green Tree 2006-1 Asset-Backed Note LLC                                     US$210 million floating rate asset-backed note series 2006-1                                               2006-1   Notes
                                                                            US$1,387
Lehman ABS Manufactured Housing Contract Senior/Subordinate Asset-Backed Series 2001-Bmillion Lehman ABS manufactured housing contract sr/sub asset-backed certs series 2001-B         2001-B   A-7
Manufactured Housing Contract Sr/Sub Pass-Thru Cert Series 2001-2           US$600 million manufactured hsg contract sr/sub pass-thru certs ser 2001-2                                 2001-2   A
Manufactured Housing Contract Sr/Sub Pass-Thru Cert Series 2001-2           US$425 million pass-through certificates series 2001-2                                                     2001-2   IA-2
Manufactured Housing Contract Sr/Sub Pass-Thru Cert Series 2001-2           US$425 million pass-through certificates series 2001-2                                                     2001-2   IIA-2
Mid-State Trust VII                                                         313.488 mil 6.34% asset-bckd nts due 12/15/2036                                                                     A
Mid-State Trust VIII                                                        US$386 million fixed-rate asset backed notes                                                                        Nts
Origen Manufactured Housing Contract Trust 2006-A                           US$200 million origen manufactured housing contract trust collateralized notes series 2006-A               2006-A   A-1
Origen Manufactured Housing Contract Trust 2006-A                           US$200 million origen manufactured housing contract trust collateralized notes series 2006-A               2006-A   A-2
Origen Manufactured Housing Contract Trust 2007-A                           US$184 million origen manufactured housing contract trust collateralized notes series 2007-A               2007-A   A-1
Origen Manufactured Housing Contract Trust 2007-A                           US$184 million origen manufactured housing contract trust collateralized notes series 2007-A               2007-A   A-2
Origen Manufactured Housing Contract Trust 2007-B                           US$126 million floating rate class A notes series 2007-B                                                   2007-B   A
DB Master Finance LLC                                                       US$1,700 million senior and subordinated notes series 2006-1                                               2006-1   A-1
DB Master Finance LLC                                                       US$1,700 million senior and subordinated notes series 2006-1                                               2006-1   A-2
Dominos Pizza Master Issuer LLC                                             US$1,850 million funding senior notes seroes 2007-1                                                        2007-1   A-1
Dominos Pizza Master Issuer LLC                                             US$1,850 million funding senior notes seroes 2007-1                                                        2007-1   A-2
Local Insight Media Finance LLC                                             US$673 million fixed rate senior and subordianted notes                                                    2007-1   A-1
Local Insight Media Finance LLC                                             US$673 million fixed rate senior and subordianted notes                                                    2007-1   A-2
Sonic Capital LLC                                                           US$600 million fixed rate series 2006-1 senior notes                                                       2006-1   A-1
Sonic Capital LLC                                                           US$600 million fixed rate series 2006-1 senior notes                                                       2006-1   A-2
Spirit Master Funding II LLC                                                US$302 million net lease mortgage notes series 2006-1                                                      2006-1   A
Spirit Master Funding III LLC                                               US$350 milliom net lease mortgage notes series 2007-1 class A                                              2007-1   A
Spirit Master Funding LLC                                                   US$441 miillion net-lease mortgage notes series 2005-1                                                     2005-1   A-1
Spirit Master Funding LLC                                                   US$441 miillion net-lease mortgage notes series 2005-1                                                     2005-1   A-2
Stonebridge Pass Through Trust                                              US$147 milliion Pass Through notes Series 2007 A                                                           2007 A   B
Stonebridge Pass Through Trust                                              US$147 milliion Pass Through notes Series 2007 A                                                           2007 A   E
Hipotecaria Su Casita Construction Loan Trust                               Hipotecaria Su Casita Construction Loan Trust (US$ 100 million VFN & MxP$137 million Mez)                  2005-1   VFN
CLI Funding LLC                                                             US$685 million floating rate asset backed notes series 2006-1                                              2006-1   A-1
GE SeaCo Finance SRL                                                        US$250 million variable rate secured notes series 2001-1                                                   2001-1   A
GE SeaCo Finance SRL                                                        US$275 million floating rate secured notes series 2004-1                                                   2004-1   A-1
GE SeaCo Finance SRL                                                        US$600 million floating rate secured notes series 2005-1                                                   2005-1   A-1
Textainer Marine Containers Limited                                         US$580 million floating rate asset-backed notes series 2005-1                                              2005-1   A
ARG Funding Corp.                                                           US$1,500 million rental car asset backed notes series 2005-2                                               2005-2   A-3
ARG Funding Corp.                                                           US$1,500 million rental car asset backed notes series 2005-2                                               2005-2   A-4
ARG Funding Corp.                                                           US$1,500 million rental car asset backed notes series 2005-2                                               2005-2   A-5
Avis Budget Rental Car Funding (AESOP) LLC                                  US$650 million series 2007-2 floating rate rental car asset backed notes                                   2007-2   A-1
Cendant Rental Car Funding (AESOP) LLC                                      US$800 million rental car asset-backed notes series 2005-4                                                 2005-4   A-1
Cendant Rental Car Funding (AESOP) LLC                                      US$800 million rental car asset-backed notes series 2005-4                                                 2005-4   A-2
Cendant Rental Car Funding (AESOP) LLC                                      US$800 million rental car asset-backed notes series 2005-4                                                 2005-4   A-3
Hertz Vehicle Financing LLC                                                 US$2,150 million rental car asset backed notes series 2005-2                                               2005-2   A-1
Hertz Vehicle Financing LLC                                                 US$1,250 million variable funding rental car asset backed notes series 2005-3                              2005-3   A-1
Hertz Vehicle Financing LLC                                                 US$2,150 million rental car asset backed notes series 2005-2                                               2005-2   A-2
Hertz Vehicle Financing LLC                                                 US$1,250 million variable funding rental car asset backed notes series 2005-3                              2005-3   A-2
Hertz Vehicle Financing LLC                                                 US$2,150 million rental car asset backed notes series 2005-2                                               2005-2   A-3


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          2bee3533-81b3-41e2-9f6e-a9008a99766b.xls


Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                                  Name/Desc                                                                                            Series            Class
Hertz Vehicle Financing LLC                             US$2,150 million rental car asset backed notes series 2005-2                                            2005-2       A-4
Hertz Vehicle Financing LLC                             US$2,150 million rental car asset backed notes series 2005-2                                            2005-2       A-5
Hertz Vehicle Financing LLC                             US$2,150 million rental car asset backed notes series 2005-2                                            2005-2       A-6
Rental Car Finance Corp.                                US$600 million rental car asset-backed notes series 2006-1                                              2006-1       A
CNL Commercial Mortgage Loan Trust 2003-2               US$ 200 million cnl commerical mortgage loan notes series 2003-2                                        2003-2       A1
CNL Commercial Mortgage Loan Trust 2003-2               US$ 200 million cnl commerical mortgage loan notes series 2003-2                                        2003-2       A2
Student Loan Funding LLC                                US$220 mil stud ln rev bnds ser 1995B due 06/01/2025                                                    1995B        B-1
Student Loan Funding LLC                                US$220 mil stud ln rev bnds ser 1995B due 06/01/2025                                                    1995B        B-2
Student Loan Funding LLC                                US$220 mil stud ln rev bnds ser 1995B due 06/01/2025                                                    1995B        B-3
Student Loan Funding LLC                                US$220 mil stud ln rev bnds ser 1995B due 06/01/2025                                                    1995B        B-4
Student Loan Funding LLC                                US$220 mil stud ln rev bnds ser 1995B due 06/01/2025                                                    1995B        B-5
KeyCorp Student Loan Trust 2002-A                       US$961 million floating rate asset-backed notes series 2002-A                                           2002-A       II-A-2
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2002
                                                        US$357 million student loan asset-backed auction rate senior notes series NCT-2002AR-6, AR-7, AR-8, AR-9, AR-10      AR-10
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2003
                                                        US$248 million student loan asset-backed auction rate senior notes series NCT-2003 AR-11, AR-12, AR-13, AR-14        AR-11
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2003
                                                        US$248 million student loan asset-backed auction rate senior notes series NCT-2003 AR-11, AR-12, AR-13, AR-14        AR-12
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2003
                                                        US$248 million student loan asset-backed auction rate senior notes series NCT-2003 AR-11, AR-12, AR-13, AR-14        AR-13
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2003
                                                        US$248 million student loan asset-backed auction rate senior notes series NCT-2003 AR-11, AR-12, AR-13, AR-14        AR-14
National Collegiate Master Student Loan Trust I (The)   US$99 million student loan asset-backed auction rate senior notes series NCT 2005AR-15 and NCT 2005AR-16NCT-2005AR   AR-15
National Collegiate Master Student Loan Trust I (The)   US$99 million student loan asset-backed auction rate senior notes series NCT 2005AR-15 and NCT 2005AR-16NCT-2005AR   AR-16
National Collegiate Master Student Loan Trust I (The)   US$105 million student loan asset-backed auction rate senior notes series NCT-2002AR-4, AR-5            NCT-2002     AR-5
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2002
                                                        US$357 million student loan asset-backed auction rate senior notes series NCT-2002AR-6, AR-7, AR-8, AR-9, AR-10      AR-6
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2002
                                                        US$357 million student loan asset-backed auction rate senior notes series NCT-2002AR-6, AR-7, AR-8, AR-9, AR-10      AR-7
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2002
                                                        US$357 million student loan asset-backed auction rate senior notes series NCT-2002AR-6, AR-7, AR-8, AR-9, AR-10      AR-8
National Collegiate Master Student Loan Trust I (The)                                                                                                           NCT-2002
                                                        US$357 million student loan asset-backed auction rate senior notes series NCT-2002AR-6, AR-7, AR-8, AR-9, AR-10      AR-9
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-1-L
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-2-AR-1
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-2-AR-2
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-2-AR-3
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-2-AR-4
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-1
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-2
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-3
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-4
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-5
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-6
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-AR-7
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-3-L
National Collegiate Student Loan Trust 2007-3 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-3                         2007-3       A-IO
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-1-L
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-2-AR-1
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-2-AR-2
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-2-AR-3
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-2-AR-4
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-1
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-2
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-3
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-4
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-5
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-6
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-AR-7
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-3-L
National Collegiate Student Loan Trust 2007-4 (The)     US$1,464 million student loan asset-backed notes and certificates series 2007-4                         2007-4       A-IO


                                                                           Page 3 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls


Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                                  Name/Desc                                                                                       Series           Class
Access to Loans For Learning Student Loan Corporation   US$190 million student loan program revenue bonds senior series V-A-3, V-A-4, V-A-5                            V-A-3
                                                                                                                                                        V-A-3, V-A-4, V-A-5
Access to Loans For Learning Student Loan Corporation   US$190 million student loan program revenue bonds senior series V-A-3, V-A-4, V-A-5                            V-A-4
                                                                                                                                                        V-A-3, V-A-4, V-A-5
Access to Loans For Learning Student Loan Corporation   US$190 million student loan program revenue bonds senior series V-A-3, V-A-4, V-A-5                            V-A-5
                                                                                                                                                        V-A-3, V-A-4, V-A-5
California Education Facilities Authority               US$25 mil 5.55% stud ln rev bnds (CalEdge Loan Program) ser 1998 due 04/01/2028                 1998           Sr
Maine Finance Authority                                 US$75 million senior and subordinate education loan revenue bonds series 2003                   2003           A
Maine Finance Authority                                 US$100 million education loan revenue bonds 2005 Series A & B                                   2005 A & B     A-1
Maine Finance Authority                                 US$140 million education loan revenue bonds 2007 senior series A                                2007A          A-1
Maine Finance Authority                                 US$100 million education loan revenue bonds 2005 Series A & B                                   2005 A & B     A-2
Maine Finance Authority                                 US$140 million education loan revenue bonds 2007 senior series A                                2007A          A-2
Maine Finance Authority                                 US$140 million education loan revenue bonds 2007 senior series A                                2007A          A-3
Michigan Hgr Ed Std Ln Auth                             US$14.050 mil stud ln rev & rfdg bnds ser XII-N due 09/01/2025                                  XII-N          A
Missouri Hgr Ed Ln Auth                                 US$50 million student loan revenue bonds series 1988A                                           1988A          1998A
North Texas Hgr Ed Auth                                 US$200 million student loan revenue bonds series 2006 A, B, and C                               2006 A B C     A
North Texas Hgr Ed Auth                                 US$200 million student loan revenue bonds series 2006D                                          2006D          A
North Texas Hgr Ed Auth                                 US$200 million student loan revenue bonds series 2006 A, B, and C                               2006 A B C     B
North Texas Hgr Ed Auth                                 US$200 million student loan revenue bonds series 2006 A, B, and C                               2006 A B C     C
Pennsylvania Hgr Ed Asst Agy                            US$75 million student loan adjustable rate revenue bonds 2001 series A                          A              2001A
Pennsylvania Hgr Ed Asst Agy                            US$225 million student loan adjustable rate revenue bonds                                       2006A          A
Pennsylvania Hgr Ed Asst Agy                            US$400 million student loan adjustable rate revenue bonds 2007 series A                         2007-A         A
Industrial Commission of North Dakota                   US$3.0 mil stud ln rev bnds ser 1996-D due 07/01/2014                                           1996-D         A
Industrial Commission of North Dakota                   US$55 million sudent loan revenue bonds series 2000A                                            2000A          Series A
Industrial Commission of North Dakota                   US$8 million student loan revenue bonds series 2000B                                            2000 B         Series B
Iowa Std Loan Liquidity Corp                            US$50 mil stud ln rev bnds ser 1988B due 12/01/2013                                             1988B
Iowa Std Loan Liquidity Corp                            US$24 mil student loan revenue bonds series 1995B due 12/01/2025                                1995-B
Iowa Std Loan Liquidity Corp                            US$25 mil student loan revenue bonds series 1995C due 12/01/2025                                1995-C
Iowa Std Loan Liquidity Corp                            US$22.850 mil student loan revenue bonds series 1995D due 12/01/2025                            1995-D
Iowa Std Loan Liquidity Corp                            US$223 million student loan revenue bonds series 2001-P, Q, R, S-I, S-II,S-III                  2001           2001-R
Iowa Std Loan Liquidity Corp                            US$223 million student loan revenue bonds series 2001-P, Q, R, S-I, S-II,S-III                  2001           2001S-I
Iowa Std Loan Liquidity Corp                            US$223 million student loan revenue bonds series 2001-P, Q, R, S-I, S-II,S-III                  2001           2001S-II
Iowa Std Loan Liquidity Corp                            US$223 million student loan revenue bonds series 2001-P, Q, R, S-I, S-II,S-III                  2001           2001S-III
Iowa Std Loan Liquidity Corp                            US$365 million student loan revenue bonds 2002 series T, U, V-I, V-II, V-III, V-IV              2002           2002U
Iowa Std Loan Liquidity Corp                            US$365 million student loan revenue bonds 2002 series T, U, V-I, V-II, V-III, V-IV              2002           2002V-I
Iowa Std Loan Liquidity Corp                            US$365 million student loan revenue bonds 2002 series T, U, V-I, V-II, V-III, V-IV              2002           2002V-II
Iowa Std Loan Liquidity Corp                            US$365 million student loan revenue bonds 2002 series T, U, V-I, V-II, V-III, V-IV              2002           2002V-III
Iowa Std Loan Liquidity Corp                            US$365 million student loan revenue bonds 2002 series T, U, V-I, V-II, V-III, V-IV              2002           2002V-IV
Iowa Std Loan Liquidity Corp                            US$54 mil adj rt stud loan rev bnds ser 1996-E due 12/01/2031                                   1996-E         A
Iowa Std Loan Liquidity Corp                            US$90.000 mil stud ln rev bnds ser 1998 due 12/01/2033                                          1998           J
Iowa Std Loan Liquidity Corp                            US$90.000 mil stud ln rev bnds ser 1998 due 12/01/2033                                          1998           K
Iowa Std Loan Liquidity Corp                            US$90.000 mil stud ln rev bnds ser 1998 due 12/01/2033                                          1998           L
Iowa Std Loan Liquidity Corp                            US$19.5 mil adj rt stud ln rev bnds ser 1996-H due 12/01/2031                                   1996-H         Ser H
Iowa Std Loan Liquidity Corp                            US$45 million student loan revenue bonds (taxable) 1999 series M                                1999-M         Series M
Iowa Std Loan Liquidity Corp                            US$45 million student loan revenue bonds (taxable) 1999 series N                                1999-N         Series N
Iowa Std Loan Liquidity Corp                            US$24 million student loan revenue bonds 1999 series O (AMT)                                    1999-O         Series O
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           W
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           X
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-I
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-II
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-III
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-IV
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-V
Iowa Std Loan Liquidity Corp                            US$550 million student loan revenue bonds 2003 series W, X, Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI   2003           Y-VI
Iowa Student Loan Liquidity Corporation                 US$650 million student loan revenue bonds 2004 Series A & B                                     2004 A & B     2004-A


                                                                             Page 4 of 15
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Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                              Name/Desc                                                                   Series         Class
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-I
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-II
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-III
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-IV
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-V
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-VI
Iowa Student Loan Liquidity Corporation             US$650 million student loan revenue bonds 2004 Series A & B                 2004 A & B   2004-B-VII
Iowa Student Loan Liquidity Corporation             US$58 million student loan revenue bonds 2005 Series C-I and C-II           2005         C-I
Iowa Student Loan Liquidity Corporation             US$58 million student loan revenue bonds 2005 Series C-I and C-II           2005         C-II
Iowa Student Loan Liquidity Corporation             US$350 million student loan revenue bonds 2007 series D, E-I, E-II, E-III   2007         D
Iowa Student Loan Liquidity Corporation             US$350 million student loan revenue bonds 2007 series D, E-I, E-II, E-III   2007         E-I
Iowa Student Loan Liquidity Corporation             US$350 million student loan revenue bonds 2007 series D, E-I, E-II, E-III   2007         E-II
Iowa Student Loan Liquidity Corporation             US$350 million student loan revenue bonds 2007 series D, E-I, E-II, E-III   2007         E-III
Massachusetts Ed Fin Auth                           US$50 mil ed ln rev bnds issue E ser 1995B due 07/01/2012                   1995-B
Massachusetts Ed Fin Auth                           US$65 mil educl ln rev bnds issue E ser 1997B due 07/01/2014                1997B
Massachusetts Ed Fin Auth                           US$65 mil educl ln rev bnds issue E ser 1997B due 07/01/2014                1997B
Massachusetts Ed Fin Auth                           US$65 mil educl ln rev bnds issue E ser 1997B due 07/01/2014                1997B
Massachusetts Ed Fin Auth                           US$65 mil educl ln rev bnds issue E ser 1997B due 07/01/2014                1997B
Massachusetts Ed Fin Auth                           US$65 mil educl ln rev bnds issue E ser 1997B due 07/01/2014                1997B
Massachusetts Ed Fin Auth                           US$10 mil ed ln rev adj rt bnds issue E ser 1996C due 07/01/2014            1996C        A
Massachusetts Ed Fin Auth                           US$60 mil ed ln rev bnds issue E ser 1996B due 07/01/2012                   1996B        Issue E
Michigan Hgr Ed Std Ln Auth                         US$25 mil stud ln rev bnds ser XVII-B due 06/01/2018                        XVII-B
Michigan Hgr Ed Std Ln Auth                         US$31 million student loan revenue bonds series XVII D and E                XVII D&E     XVII-D
Michigan Hgr Ed Std Ln Auth                         US$31 million student loan revenue bonds series XVII D and E                XVII D&E     XVII-E
Michigan Hgr Ed Std Ln Auth                         US$31 million student loan revenue bonds series XVII D and E                XVII D&E     XVII-E
Missouri Hgr Ed Ln Auth                             US$126 million student loan revenue bonds series 2006-I & 2006-J            2006-I & J   2006-I
Missouri Hgr Ed Ln Auth                             US$126 million student loan revenue bonds series 2006-I & 2006-J            2006-I & J   2006-J
Missouri Hgr Ed Ln Auth                             US$ 20 mil stud ln rev bnds ser 1995-A due 02/15/2025                       1995-A       A
Missouri Hgr Ed Ln Auth                             US$55 mil stud ln rev bnds ser 1995-B due 02/15/2025                        1995-B       A
Missouri Hgr Ed Ln Auth                             US$45 mil stud ln rev bnds ser 1995-C due 02/15/2025                        1995-C       A
Missouri Hgr Ed Ln Auth                             US$40 mil stud ln rev bnds ser 1995-D due 02/15/2025                        1995-D       A
Missouri Hgr Ed Ln Auth                             US$16 mil 5.4% stud ln rev bnds ser 1996-G due 02/15/2022                   1996-G       A
Missouri Hgr Ed Ln Auth                             US$55 mil adj rt stud ln rev bnds ser 1996-H due 08/15/2025                 1996-H       A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
New Jersey Hgr Ed Stud Asst Auth                    US$80 mil stud ln rev bnds 1998 ser A due 06/01/2017                        A
South Carolina Student Loan Corp                    US$182 million student loan-backed notes 2006-A series                      2006-A       A-1
South Carolina Student Loan Corp                    US$182 million student loan-backed notes 2006-A series                      2006-A       A-2
State of Ohio (Ohio Centric Student Loan Program)   US$104 million student loan revenue bonds series 2001 and 2002              2001&2002    2001A
State of Ohio (Ohio Centric Student Loan Program)   US$104 million student loan revenue bonds series 2001 and 2002              2001&2002    2001B
State of Ohio (Ohio Centric Student Loan Program)   US$104 million student loan revenue bonds series 2001 and 2002              2001&2002    2002A-1
State of Ohio (Ohio Centric Student Loan Program)   US$104 million student loan revenue bonds series 2001 and 2002              2001&2002    2002A-2
State of Ohio (Ohio Centric Student Loan Program)   US$104 million student loan revenue bonds series 2001 and 2002              2001&2002    2002B
State of Ohio (Ohio Centric Student Loan Program)   US$50 million student loan revenue bonds series 2006A                       2006A        2006A
Vermont Std Asst Corp                               US$40 million acution rate education loan revenue bonds series 2000S        2000S        2000S
Vermont Std Asst Corp                               US$40 million auction rate education loan revenue bonds series 2000-T       2000-T       2000T
Vermont Std Asst Corp                               US$50 million auction-rate education loan revenue bonds series 2000U        2000U        2000U
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001                     2001         2001AA
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001                     2001         2001V


                                                                         Page 5 of 15
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Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                              Name/Desc                                                            Series        Class
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001              2001         2001W
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001              2001         2001X
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001              2001         2001Y
Vermont Std Asst Corp                               US$164 million education loan revenue bonds series 2001              2001         2001Z
Vermont Std Asst Corp                               US$ 39 million education loan revenue bonds senior series 2002BB     2002BB       2002BB
Vermont Std Asst Corp                               US$39 million education loan revenue bonds senior series 2002CC      2002CC       2002CC
Vermont Std Asst Corp                               US$33 million education loan revenue bonds senior series 2002DD      2002DD       2002DD
Vermont Std Asst Corp                               US$230 million education loan revenue bonds series 2007 - WW XX YY                 YY
                                                                                                                         2007 - WW,XX 2007WW
Vermont Std Asst Corp                               US$230 million education loan revenue bonds series 2007 - WW XX YY                 YY
                                                                                                                         2007 - WW,XX 2007XX
Vermont Std Asst Corp                               US$230 million education loan revenue bonds series 2007 - WW XX YY                 YY
                                                                                                                         2007 - WW,XX 2007YY
Vermont Std Asst Corp                               US$24 mil educ ln rev bnds ser 1995A due 12/15/2025                  1995A        A
Vermont Std Asst Corp                               US$24 mil educ ln rev bnds ser 1995B due 12/15/2025                  1995B        A
Vermont Std Asst Corp                               US$24 mil educ ln rev bnds ser 1995C due 12/15/2025                  1995C        A
Vermont Std Asst Corp                               US$24 mil educ ln rev bnds ser 1995D due 12/15/2025                  1995D        A
Vermont Std Asst Corp                               US$25 mil ed ln rev bnds ser 1996F due 12/15/2036                    1996F        A
Vermont Std Asst Corp                               US$25 mil ed ln rev bnds ser 1996G due 12/15/2036                    1996G        A
Vermont Std Asst Corp                               US$25 mil ed ln rev bnds ser 1996H due 12/15/2036                    1996H        A
Vermont Std Asst Corp                               US$25 mil ed ln rev bnds ser 1996I due 12/15/2036                    1996I        A
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         FF
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         FF
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         GG
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         HH
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         II
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         JJ
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         KK
Vermont Std Asst Corp                               US$360 million education loan revenue bonds series 2003              2003         LL
Vermont Std Asst Corp                               US$275 million education loan revenue bonds series 2004              2004         MM
Vermont Std Asst Corp                               US$275 million education loan revenue bonds series 2004              2004         NN
Vermont Std Asst Corp                               US$275 million education loan revenue bonds series 2004              2004         OO
Vermont Std Asst Corp                               US$275 million education loan revenue bonds series 2004              2004         PP
Vermont Std Asst Corp                               US$239 million education loan revenue bonds senior series 2005       2005         RR
Vermont Std Asst Corp                               US$239 million education loan revenue bonds senior series 2005       2005         SS
Vermont Std Asst Corp                               US$175 million education loan revenue bonds series 2006-TT UU VV     2006-TT UU VVTT
Vermont Std Asst Corp                               US$175 million education loan revenue bonds series 2006-TT UU VV     2006-TT UU VVUU
Vermont Std Asst Corp                               US$175 million education loan revenue bonds series 2006-TT UU VV     2006-TT UU VVVV
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$75 mil stud ln rev bnds1997 ser A due 07/01/2014                  A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Alaska Std Ln Corp                                  US$88.57 mil stud ln rev bnds 1998 ser A due 07/01/2015              1998-A
Maine Ed Loan Authority                             US$10 mil stud ln rev bnds ser 1997A-1 due 06/01/2027                1997A-1
Maine Ed Loan Authority                             US$14 mil stud ln rev bnds ser 1999A-1 due 06/01/2029                1999A-1
Maine Ed Loan Authority                             US$12.5 mil stud ln rev bnds ser 1996A-1 due 06/01/2020              1996A-1      A-1
Maine Ed Loan Marketing Corp.                       US$100 mil sr stud ln rev bnds ser 1999-A due 05/01/2029             1999-A       2


                                                                       Page 6 of 15
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Ambac Assurance Corp.
Other Structured Finance related ratings actions.
Issuer                                                                           Name/Desc                                                                                                 Series            Class
Maine Ed Loan Marketing Corp.                                                    US$100 mil sr stud ln rev bnds ser 1999-A due 05/01/2029                                                       1999-A        3
Maine Ed Loan Marketing Corp.                                                    US$100 mil stud ln rev bnds ser 1997-A due 05/01/2032                                                          1997-A        A-2
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A1
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A2
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2004-A                                                2004-A        2004-A3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2006                                                  2006          Series 1
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2006                                                  2006          Series 2
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2006                                                  2006          Series 3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2006                                                  2006          Series 3
Rhode Island Std Loan Auth                                                       US$100 million student loan program revenue bonds series 2006                                                  2006          Series 3
Augusta Funding Ltd. IV                                                          US$470.231 mil bnds due 11/15/2035                                                                             IV            A-2
Augusta Funding Ltd. IV                                                          US$470.231 mil bnds due 11/15/2035                                                                             IV            A-3
Bank of New York (SPE)                                                                                                                                                                          2001-2
                                                                                 US$75 million transferable custody receipts relating to american airlines pass through certificates series 2001-2
Bank of New York (SPE)                                                           US$80 million transferable custody receipts relating to Continental Airlines pass through trust series 1999-2 1999-2
Bank of New York (SPE)                                                           EUR 63 million Euro-Transferable Custody Receipts relating to Class C Secured 6.469 Notes.
Bank of New York (SPE)                                                           US$15 million secured notes
Bank of New York (SPE)                                                            US$121,614,501 of Merit Securities Corporation, Series 12-1 Class 1-A3 Bonds due 2033
Bank of New York (SPE)                                                           BPS 16 million euro-transferable custody receipts relating to class c secured 6.469 notes issued by Mitchelles & Butler, Finance PLC.
Bank of New York (SPE)                                                           EUR50 mil 6.165% pass-thru due 12/10/2033                                                                                    B-4
GHQB Ltd.                                                                        £50 mil 12.625% gtd secd bnds due 03/13/2015
Holden Funding Corp. II                                                          US$200 mil 7.345% secd gtd amort bnds due 2035
                                                                                 US$135 million
TIERS Principal Protected Minimum Return Asset Backed Certificates Trust Series Russell 2004-1 certificates series russell 2004-1                                                               RUSSELL       Certs
                                                                                 US$217 million
TIERS Principal Protected Minimum Return Asset Backed Certificates Trust Series S&P 2003-23 trust certificates series S&P 2003-23                                                               S&P2003-23 Certificat
                                                                                 US$13.6 million trust certifcates series S&P 2003-33
TIERS Principal Protected Minimum Return Asset Backed Certificates Trust Series S&P 2003-33                                                                                                     S&P2003-33 Certs
                                                                                 US$83 2003-12
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series Nasdaq million tiers principal-protected minimum return trust certificates series Nasdaq 2003-12                2003-12
                                                                                 US$ 253 million
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series Nasdaq 2003-13 certificates series Nasdaq 2003-13                                                               NASDAQ2003 certificat
Patrimonio - Bursatilizaciones de Hipotecas Residenciales                        UDIs 263.6 millones - Certificados Bursatiles PATRICB 06U                                                                    PATRICBO6U
Patrimonio - Bursatilizaciones de Hipotecas Residenciales                        UDIs 223.9 millones - Certificados Bursatiles PATRICB 07U                                                                    PATRICB07U
Patrimonio - Bursatilizaciones de Hipotecas Residenciales                        MXN 1,100 millones - Certificados Bursatiles PATRICB 07                                                                      PATRICB07




                                                                                                      Page 7 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




           Collateral             CUSIP               Insurer          From Rating   Credit Watch   To Rating   To CreditWatch
ABS Aircraft                  004293AA4    Ambac Assurance Corp.       AA            NM             A
ABS Aircraft                  009503AA1    Ambac Assurance Corp.       AA            NM             A
ABS Aircraft                  056143AA8    Ambac Assurance U.K. Ltd.   AA            NM             A
ABS Aircraft                  90264FAE8    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             03061NJR1    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             03061NJS9    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             14041GCU8    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             14041GCV6    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             14042DAC6    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             14042DAD4    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             14042DAE2    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             89578SAN3    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             895787AW9    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             895787AX7    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             89578PAC3    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             89578PAD1    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime             903205AC6    Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime                          Ambac Assurance Corp.       AA            NM             A
ABS Auto-Subprime                          Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          902733AA2    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          902733AB0    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          01446EAC3    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          01446EAD1    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          01446EAF6    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          01446EAG4    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other          01446EAE9    Ambac Assurance Corp.       AA            NM             A
ABS Commercial-Other                       Ambac Assurance Corp.       AA            NM             A
ABS Credit Card-Bankcard      126802AA5    Ambac Assurance Corp.       AA            NM             A
ABS Credit Card-Bankcard      126802AB3    Ambac Assurance Corp.       AA            NM             A
ABS Franchise Loans           269441AA9    Ambac Assurance Corp.       AA            NM             A
ABS Franchise Loans                        Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               00971VAB2    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               00971VAE6    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               12502YAA1    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               12502YAC7    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               12502YAD5    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               12502YAE3    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               256911AC2    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow                            Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               87245GAB2    Ambac Assurance Corp.       AA            NM             A
ABS Future Flow               917926AD9    Ambac Assurance Corp.       AA            NM             A


                                                                                              Page 8 of 15
        2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




          Collateral             CUSIP               Insurer      From Rating   Credit Watch   To Rating   To CreditWatch
ABS Future Flow                           Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237PAB9    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237PAC7    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237PAD5    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237SAA5    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237SAB3    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237SAC1    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     22237SAD9    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing                  Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     52519SAG8    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     20846QHC5    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     395383BK7    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     395383BM3    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     595498AA4    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     595497AA6    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     68620BAA0    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     68620BAB8    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing                  Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     68620CAB6    Ambac Assurance Corp.   AA            NM             A
ABS Manufactured Housing     68620KAA0    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other                      Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         233046AA9    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other                      Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other                      Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other                      Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         53957DAA1    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other                      Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         83545YAA1    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         84860RAA1    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         84860PAA5    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         848601AA8    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         848601AB6    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         86176JAB1    Ambac Assurance Corp.   AA            NM             A
ABS New Assets-Other         86176JAE5    Ambac Assurance Corp.   AA            NM             A
ABS Other                                 Ambac Assurance Corp.   AA            NM             A
ABS Railcar/Container        125635AC6    Ambac Assurance Corp.   AA            NM             A
ABS Railcar/Container                     Ambac Assurance Corp.   AA            NM             A
ABS Railcar/Container        368288AC0    Ambac Assurance Corp.   AA            NM             A
ABS Railcar/Container        368288AE6    Ambac Assurance Corp.   AA            NM             A
ABS Railcar/Container        883145AC8    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              00204ABN0    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              00204ABP5    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              00204ABQ3    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              05377RAA2    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              15132CAF9    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              15132CAG7    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              15132CAH5    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              42805RAN9    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars                           Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              42805RAP4    Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars                           Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars              42805RAQ2    Ambac Assurance Corp.   AA            NM             A


                                                                                         Page 9 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




           Collateral               CUSIP               Insurer      From Rating   Credit Watch   To Rating   To CreditWatch
ABS Rental Cars                  42805RAR0   Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars                  42805RAS8   Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars                  42805RAT6   Ambac Assurance Corp.   AA            NM             A
ABS Rental Cars                  760106AW4   Ambac Assurance Corp.   AA            NM             A
ABS Small Bus Lns - Amortizing   12614MAW4   Ambac Assurance Corp.   AA            NM             A
ABS Small Bus Lns - Amortizing   12614MAY0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/ FFELP      863869CH4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/ FFELP      863869CJ0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/ FFELP      863869CK7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/ FFELP      863869CL5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/ FFELP      863869CM3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Mixed       493268BJ4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAK7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAL5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAM3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAN1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAP6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAQ4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAR2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAE1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAF8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAG6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAH4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63543NAJ0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544BAA4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAA0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAB8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAC6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAD4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAE2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAF9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAG7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAH5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAJ1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAK8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544DAL6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544BAB2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544BAC0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544CAA2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAA8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAB6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAC4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAD2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAE0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAF7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAG5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAH3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAJ9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAK6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544EAL4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544CAB0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/ABS/Private     63544CAC8   Ambac Assurance Corp.   AA            NM             A


                                                                                            Page 10 of 15
        2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




          Collateral             CUSIP               Insurer      From Rating   Credit Watch   To Rating   To CreditWatch
ABS Student Loan/Muni/FFELP   00432MBE8   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   00432MBF5   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   00432MBG3   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   1301744R3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAA0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAC6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAF9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAD4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAG7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   56041WAH5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   594520FS2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   606072AR7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/FFELP   662826DP8   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   662826DS2   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   662826DQ6   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   662826DR4   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   709163CG2   Ambac Assurance Corp.   AA/A-1+       NM             A/A-1+
ABS Student Loan/Muni/FFELP   709163GE3   Ambac Assurance Corp.   AA/A-1+                      A/A-1+
ABS Student Loan/Muni/FFELP   709163HC6   Ambac Assurance Corp.   AA/A-1+                      A/A-1+
ABS Student Loan/Muni/Mixed   659005EV0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   659005FA5   Ambac Assurance Corp.   AA            NM             AA-
ABS Student Loan/Muni/Mixed   659005FB3   Ambac Assurance Corp.   AA            NM             AA-
ABS Student Loan/Muni/Mixed   462590AY6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DG2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DJ6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DK3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590EJ5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590EK2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590EL0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590EM8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FB1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FC9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FD7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FE5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FF2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DL1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DX5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DU1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DV9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DM9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DY3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590DZ0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590EA4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FG0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FJ4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FK1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FL9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FM7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FN5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FP0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FQ8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FR6   Ambac Assurance Corp.   AA            NM             A


                                                                                         Page 11 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




           Collateral             CUSIP               Insurer      From Rating   Credit Watch   To Rating   To CreditWatch
ABS Student Loan/Muni/Mixed   462590FS4    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FT2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FU9    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FV7    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FW5    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FX3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FY1    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590FZ8    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590GA2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590GJ3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590GK0    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590GL8    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   462590GM6    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   575633GK2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   57563RAR0    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   57563RAP4    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   57563RAN9    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   57563RAM1    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   57563RAL3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   575633HB1    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   575633GZ9    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   594520GP7    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   594520HG6    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   594520HH4    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   594520HJ0    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072JF4    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072JG2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DE3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DF0    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DG8    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DH6    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DP8    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   606072DJ2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   646080FR7    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   646080FS5    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   646080FT3    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   646080FU0    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   646080FV8    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   646080FW6    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   83715AAC3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   83715AAD1    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAA3    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAB1    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAC9    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAD7    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAE5    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   67759LAF2    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   92428CDX9    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   92428CDY7    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   92428CDZ4    Ambac Assurance Corp.   AA            NM             A+
ABS Student Loan/Muni/Mixed   92428CEF7    Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed   92428CEA8    Ambac Assurance Corp.   AA            NM             A


                                                                                          Page 12 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




           Collateral              CUSIP               Insurer      From Rating   Credit Watch   To Rating   To CreditWatch
ABS Student Loan/Muni/Mixed     92428CEB6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEC4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CED2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEE0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEG5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEH3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEJ9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFE9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFF6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFG4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDB7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDC5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDD3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDE1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDG6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDH4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDJ0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CDK7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEL4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEM2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEN0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEP5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEQ3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CER1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CES9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CET7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEU4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEV2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEW0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEX8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CEZ3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFA7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFB5   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFC3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Mixed     92428CFD1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857EP0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857EQ8   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857ER6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857ES4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857ET2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857EU9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FD6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FE4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FF1   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FG9   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FH7   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FJ3   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   011857FK0   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   56040PAB4   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   56040PAC2   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   56040PAA6   Ambac Assurance Corp.   AA            NM             A
ABS Student Loan/Muni/Private   560409BS2   Ambac Assurance Corp.   AA/NR         NM             A/NR


                                                                                           Page 13 of 15
         2bee3533-81b3-41e2-9f6e-a9008a99766b.xls




           Collateral              CUSIP               Insurer          From Rating   Credit Watch   To Rating   To CreditWatch
ABS Student Loan/Muni/Private   560409BT0   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   560409BQ6   Ambac Assurance Corp.       AA/NR         NM             A/NR
ABS Student Loan/Muni/Private   762315GG8   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GH6   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GM5   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GN3   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GP8   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GQ6   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GR4   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GS2   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GT0   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GU7   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GV5   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GW3   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315HA0   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315HB8   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GX1   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GY9   Ambac Assurance Corp.       AA            NM             A
ABS Student Loan/Muni/Private   762315GZ6   Ambac Assurance Corp.       AA            NM             A
ABS Synthetic                   05115EAB6                               AA            NM             A
ABS Synthetic                   05115EAC4                               AA            NM             A
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             A
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             A
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             A
ABS Synthetic                               Ambac Assurance U.K. Ltd.   AA            NM             A
ABS Synthetic                   589962CM9   Ambac Assurance Corp.       AA            NM             A
ABS Synthetic                               Ambac Assurance U.K. Ltd.   AA            NM             A
ABS Synthetic                               Ambac Assurance U.K. Ltd.   AA            NM             A
ABS Synthetic                                                           AAA                          A+
ABS Synthetic                   434808AA9                               AA            NM             A
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             AA-         NEG
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             AA-         NEG
ABS Synthetic                   87246P204   Ambac Assurance Corp.       AA            NM             AA-         NEG
ABS Synthetic                   87246P9A9   Ambac Assurance Corp.       AA            NM             AA-         NEG
ABS Synthetic                               Ambac Assurance Corp.       AA            NM             AA-         NEG
RMBS Other                                  Ambac Assurance Corp.       AA            NM             A
RMBS Other                                  Ambac Assurance Corp.       AA            NM             A
RMBS Other                                  Ambac Assurance Corp.       AA            NM             A




                                                                                               Page 14 of 15
Disclaimer
Our analysis of the impact of the ratings actions announced today is ongoing. As we complete our analysis
during the next few weeks, we may publish additional ratings changes. Analytic services provided by Standard
& Poor's Ratings Services (Ratings Services") are the result of separate activities designed to preserve the
independence and objectivity of ratings opinions. The credit ratings and observations contained herein are solely
statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or
make any other investment decisions. Accordingly, any user of the information contained herein should not rely
on any credit rating or other opinion contained herein in making any investment decision. Ratings are based on
information received by Ratings Services. Other divisions of Standard & Poor's may have information that is not
available to Ratings Services. Standard & Poor's has established policies and procedures to maintain the
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Ratings may not be compiled into a database or systematically distributed or shared for commercial purposes in
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